TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

Separately, HC Wainwright restated a “buy” rating and set a $1.50 target price (up previously from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Price Performance

Shares of NYSE TRX opened at $0.31 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49. The firm’s fifty day moving average is $0.32 and its 200 day moving average is $0.36.

Hedge Funds Weigh In On TRX Gold

Several institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of TRX Gold in the 4th quarter worth approximately $120,000. Rossby Financial LCC purchased a new stake in TRX Gold during the 4th quarter valued at approximately $255,000. Sprott Inc. grew its holdings in TRX Gold by 506.7% during the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after buying an additional 121,479 shares in the last quarter. Financial Sense Advisors Inc. grew its holdings in TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after buying an additional 32,991 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in TRX Gold during the 3rd quarter valued at approximately $52,000. Institutional investors own 1.06% of the company’s stock.

TRX Gold Company Profile

TRX Gold Corporation engages in the exploration, development, and production of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project that comprises a single Special Mining License covering an area of 16.04 square kilometers and 12 Prospecting Licenses covering 98.19 square kilometers located in north-central Tanzania.